Aptiv PLC (NYSE:APTV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Aptiv PLC (NYSE:APTV) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $97.14.

A number of brokerages have recently issued reports on APTV. StockNews.com cut shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Evercore ISI dropped their target price on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Wells Fargo & Company dropped their target price on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday. Guggenheim increased their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Citigroup cut their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

Aptiv Trading Down 4.8 %

Shares of NYSE:APTV opened at $69.63 on Monday. The company’s 50-day moving average price is $73.36 and its two-hundred day moving average price is $76.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv has a one year low of $65.13 and a one year high of $113.14. The stock has a market capitalization of $18.94 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. On average, equities analysts forecast that Aptiv will post 5.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APTV. Capital World Investors bought a new position in Aptiv in the first quarter valued at approximately $343,760,000. EdgePoint Investment Group Inc. bought a new position in Aptiv in the first quarter valued at approximately $335,426,000. Norges Bank bought a new position in Aptiv in the fourth quarter valued at approximately $302,902,000. Massachusetts Financial Services Co. MA increased its stake in Aptiv by 17.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after acquiring an additional 1,405,569 shares during the last quarter. Finally, Ariel Investments LLC bought a new position in Aptiv in the first quarter valued at approximately $85,880,000. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.